Stephen H. Axilrod was an American author who spent 30-plus years from 1952 to 1986 as a bureaucrat within the

US Federal Reserve The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a ...

System before spending another 2 plus decades working in private markets in the U.S. and as a consultant to various developing and transitional countries abroad on monetary policy questions and related market and debt management issues. While at the US Fed, he was Staff Director for Monetary and Financial Policy and also Staff Director and Secretary of the Federal Open Market Committee, the Fed's principal monetary policy body.

Works

He has written two books, ''The Federal Reserve: What Everyone Needs to Know'', published by

Oxford University Press Oxford University Press (OUP) is the university press of the University of Oxford. It is the largest university press in the world, and its printing history dates back to the 1480s. Having been officially granted the legal right to print books ...

(2013) and ''Inside the Fed:

Monetary Policy Monetary policy is the policy adopted by the monetary authority of a nation to control either the interest rate payable for very short-term borrowing (borrowing by banks from each other to meet their short-term needs) or the money supply, often a ...

and its Management, Martin through Greenspan to Bernanke'', revised edition to take full account of great credit crisis published by MIT Press (2011 and 2013). Stephen H. Axilrod, 95, died on March 17, 2022, surrounded by family at his home at Essex Meadows in Essex, Connecticut. He graduated from

Harvard College Harvard College is the undergraduate college of Harvard University, an Ivy League research university in Cambridge, Massachusetts. Founded in 1636, Harvard College is the original school of Harvard University, the oldest institution of higher lea ...

and the

University of Chicago The University of Chicago (UChicago, Chicago, U of C, or UChi) is a private research university in Chicago, Illinois. Its main campus is located in Chicago's Hyde Park neighborhood. The University of Chicago is consistently ranked among the b ...

.https://www.federalreserve.gov/aboutthefed/files/stephen-h-axilrod-interview-20081022.pdf

References

Year of birth missing (living people) Living people Federal Reserve Bank people Harvard College alumni University of Chicago alumni {{US-political-writer-stub